BlackRock, Inc. (BLK) Shares Bought by Rehmann Capital Advisory Group

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Rehmann Capital Advisory Group grew its holdings in shares of BlackRock, Inc. (NYSE:BLK) by 10.0% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,300 shares of the asset manager’s stock after buying an additional 209 shares during the period. Rehmann Capital Advisory Group’s holdings in BlackRock were worth $1,084,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Exchange Capital Management Inc. boosted its holdings in shares of BlackRock by 3.0% during the 3rd quarter. Exchange Capital Management Inc. now owns 12,588 shares of the asset manager’s stock worth $5,933,000 after buying an additional 367 shares in the last quarter. Bristlecone Advisors LLC boosted its holdings in shares of BlackRock by 51.3% during the 3rd quarter. Bristlecone Advisors LLC now owns 6,667 shares of the asset manager’s stock worth $3,142,000 after buying an additional 2,260 shares in the last quarter. New Potomac Partners LLC boosted its holdings in shares of BlackRock by 4.4% during the 3rd quarter. New Potomac Partners LLC now owns 5,332 shares of the asset manager’s stock worth $2,513,000 after buying an additional 225 shares in the last quarter. Soros Fund Management LLC lifted its holdings in shares of BlackRock by 59.8% in the 2nd quarter. Soros Fund Management LLC now owns 12,983 shares of the asset manager’s stock worth $6,479,000 after purchasing an additional 4,858 shares in the last quarter. Finally, OLD Mutual Customised Solutions Proprietary Ltd. lifted its holdings in shares of BlackRock by 2.8% in the 2nd quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 7,293 shares of the asset manager’s stock worth $3,639,000 after purchasing an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 83.14% of the company’s stock.

Shares of NYSE:BLK opened at $393.10 on Friday. The company has a current ratio of 3.07, a quick ratio of 3.07 and a debt-to-equity ratio of 0.76. BlackRock, Inc. has a 1-year low of $376.31 and a 1-year high of $594.52. The firm has a market cap of $63.12 billion, a price-to-earnings ratio of 17.39, a P/E/G ratio of 1.33 and a beta of 1.55.

BlackRock (NYSE:BLK) last issued its quarterly earnings data on Tuesday, October 16th. The asset manager reported $7.52 earnings per share for the quarter, beating the consensus estimate of $6.93 by $0.59. BlackRock had a return on equity of 13.72% and a net margin of 39.92%. The business had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.65 billion. During the same period last year, the business earned $5.76 EPS. The business’s revenue was up 1.9% on a year-over-year basis. As a group, sell-side analysts forecast that BlackRock, Inc. will post 27.79 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 26th. Shareholders of record on Friday, December 7th will be paid a dividend of $3.13 per share. This represents a $12.52 annualized dividend and a yield of 3.18%. The ex-dividend date of this dividend is Thursday, December 6th. BlackRock’s dividend payout ratio (DPR) is presently 55.40%.

In other BlackRock news, Director J. Richard Kushel sold 2,100 shares of the firm’s stock in a transaction on Monday, November 26th. The stock was sold at an average price of $419.11, for a total transaction of $880,131.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director William E. Ford acquired 2,000 shares of the company’s stock in a transaction on Monday, October 22nd. The shares were bought at an average price of $395.21 per share, for a total transaction of $790,420.00. Following the completion of the purchase, the director now owns 9,466 shares in the company, valued at approximately $3,741,057.86. The disclosure for this purchase can be found here. 1.86% of the stock is currently owned by company insiders.

A number of brokerages recently issued reports on BLK. Bank of America reiterated a “buy” rating and issued a $478.00 target price (down from $525.00) on shares of BlackRock in a report on Thursday. Argus cut their target price on BlackRock from $620.00 to $535.00 and set a “buy” rating on the stock in a report on Wednesday, October 17th. ValuEngine cut BlackRock from a “hold” rating to a “sell” rating in a report on Friday, October 12th. Wells Fargo & Co cut their target price on BlackRock from $545.00 to $510.00 and set a “market perform” rating on the stock in a report on Thursday, October 11th. Finally, Deutsche Bank reiterated a “buy” rating and issued a $550.00 target price (down from $559.00) on shares of BlackRock in a report on Thursday, October 11th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $548.86.

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BlackRock Company Profile

BlackRock, Inc is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors including corporate, public, union, and industry pension plans, insurance companies, third-party mutual funds, endowments, public institutions, governments, foundations, charities, sovereign wealth funds, corporations, official institutions, and banks.

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Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

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